City Budget: Mayor Presents Proposed Balanced 2014-16 Budget

Mayor Edwin M. Lee today presented his proposed two-year balanced budget for Fiscal Year 2014-15 and 2015-16. The Mayor’s proposal balances a two year budget that closes budget deficits of $66.7 million in FY 2014-15 and $133.4 million in FY 2015-16. To deliver this two-year consensus budget proposal, Mayor Lee worked with the Board of Supervisors and heard directly from residents and community leaders in their districts, held an online budget town hall, and met with hundreds of residents, nonprofit organizations, City Commissioners, labor organizations, business owners, and advocates to discuss priorities and address concerns.

“We are making strategic investments to grow our economy, create jobs and make sure that our City remains affordable for low and middle income families,” said Mayor Lee. “This responsible and balanced budget protects social services for people who need them most, is affordable over the long term, increases City services including public safety; and supports our continued economic recovery. We are making historic investments in housing, transportation, and education. But the hard work is not yet done, and I look forward to working with the Board of Supervisors to deliver a budget that invests in the people of San Francisco.” Read more.